Walthausen & Co. LLC Has $17.46 Million Position in Electronics for Imaging, Inc. (EFII)

Walthausen & Co. LLC lowered its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 368,570 shares of the technology company’s stock after selling 8,520 shares during the period. Electronics for Imaging accounts for about 1.7% of Walthausen & Co. LLC’s holdings, making the stock its 9th largest holding. Walthausen & Co. LLC owned 0.79% of Electronics for Imaging worth $17,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan grew its stake in shares of Electronics for Imaging by 0.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,690 shares of the technology company’s stock worth $522,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Electronics for Imaging by 0.4% in the 1st quarter. Arizona State Retirement System now owns 24,169 shares of the technology company’s stock worth $1,180,000 after buying an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Electronics for Imaging by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock worth $1,292,000 after buying an additional 123 shares during the last quarter. Amalgamated Bank grew its stake in shares of Electronics for Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock worth $304,000 after buying an additional 198 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Electronics for Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after buying an additional 217 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “Walthausen & Co. LLC Has $17.46 Million Position in Electronics for Imaging, Inc. (EFII)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/walthausen-co-llc-has-17-46-million-position-in-electronics-for-imaging-inc-efii.html.

In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $48.25, for a total transaction of $434,250.00. Following the sale, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at $18,661,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 40,746 shares of company stock worth $1,850,965 over the last three months. Corporate insiders own 1.88% of the company’s stock.

Several analysts recently weighed in on the company. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. ValuEngine downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. William Blair restated an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Morgan Stanley upped their price objective on Electronics for Imaging from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $51.44.

Electronics for Imaging, Inc. (EFII) traded down 0.05% during trading on Tuesday, reaching $41.57. The company had a trading volume of 75,620 shares. The stock has a market capitalization of $1.93 billion, a P/E ratio of 43.08 and a beta of 1.29. Electronics for Imaging, Inc. has a 12-month low of $25.54 and a 12-month high of $51.15. The stock has a 50 day moving average of $39.25 and a 200-day moving average of $44.39.

Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. Electronics for Imaging’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. On average, analysts forecast that Electronics for Imaging, Inc. will post $2.44 earnings per share for the current fiscal year.

Electronics for Imaging announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s bo

Several other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan grew its stake in shares of Electronics for Imaging by 0.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,690 shares of the technology company’s stock worth $522,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Electronics for Imaging by 0.4% in the 1st quarter. Arizona State Retirement System now owns 24,169 shares of the technology company’s stock worth $1,180,000 after buying an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Electronics for Imaging by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock worth $1,292,000 after buying an additional 123 shares during the last quarter. Amalgamated Bank grew its stake in shares of Electronics for Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock worth $304,000 after buying an additional 198 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Electronics for Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after buying an additional 217 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “Walthausen & Co. LLC Has $17.46 Million Position in Electronics for Imaging, Inc. (EFII)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/walthausen-co-llc-has-17-46-million-position-in-electronics-for-imaging-inc-efii.html.

In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $48.25, for a total transaction of $434,250.00. Following the sale, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at $18,661,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 40,746 shares of company stock worth $1,850,965 over the last three months. Corporate insiders own 1.88% of the company’s stock.

Several analysts recently weighed in on the company. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. ValuEngine downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. William Blair restated an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Morgan Stanley upped their price objective on Electronics for Imaging from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $51.44.

Electronics for Imaging, Inc. (EFII) traded down 0.05% during trading on Tuesday, reaching $41.57. The company had a trading volume of 75,620 shares. The stock has a market capitalization of $1.93 billion, a P/E ratio of 43.08 and a beta of 1.29. Electronics for Imaging, Inc. has a 12-month low of $25.54 and a 12-month high of $51.15. The stock has a 50 day moving average of $39.25 and a 200-day moving average of $44.39.

Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. Electronics for Imaging’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. On average, analysts forecast that Electronics for Imaging, Inc. will post $2.44 earnings per share for the current fiscal year.

Electronics for Imaging announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Electronics for Imaging

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

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Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

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